Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to come as sanctions hit the economy and sales and shutdowns continue, according to a review of public statements and securities filings, The Wall Street Journal reported.

Almost 1,000 Western businesses have pledged to exit or cut back operations in Russia, following its invasion of Ukraine, according to Yale researchers.

The write-downs to date span a range of industries, from banks and brewers to manufacturers, retailers, restaurants, and shipping companies—even a wind-turbine maker and a forestry firm. The fast-food giant McDonald’s Corp. expects to record an accounting charge of $1.2 billion to $1.4 billion after agreeing to sell its Russian restaurants to a local licensee; Exxon Mobil Corp. took a $3.4 billion charge after halting operations at an oil and gas project in Russia’s Far East; Budweiser brewer Anheuser-Busch InBev SA took a $1.1 billion charge after deciding to sell its stake in a Russian joint venture.

At the same time, IBM and Microsoft are going to lay off hundreds of employees in Russia as technology companies are leaving the country.

In connection with Russia, new financial challenges—including sanctions, big sales, and business closures—await enterprises.

Analysts expect new economic consequences as the war in Ukraine continues.